O'Brian

PROFESSOR RONALD JASTRZEBSKI O Brian Software January 28, 2012 SUMMARY OF THE FACT soil O Brian, tonal out of college takes up a spiffy position at his Aunt Amelias software company, O Brian as a junior internal auditor. Within both months of holding his new position, scratch familiarizes himself with the companys books and becomes specially concerned all over issues with revenue recognition. After passage over the financial statements carefully, he noted significant quantity of unearned revenue. He presumed he competency be overreacting or their might be a chance that OBrian might be smoothing earnings. He tangle this way because the industry he works in is impact by cyclical purchasing patterns up this month and trim the next, only if for some originator this has not been the case with O Brian. For 3 years fellowshiply since the company went public, it has continued to produce clean opinion from outdoor(a) auditors. The only way Nick ca n find declarations to his questions is by addressing the issue with the Chief monetary Officer (CFO) Mr. lee side Marchetti, who is head respected by his aunt Amelia and well known for his years of experience in news report and finance, Aunt Amelia relies on him heavily because she has little to no cognition of accounting, her expertise lies with PC softwares.

Nicks principal(prenominal) goal is to ensure that his aunts company is not flagged by the Security and turn Commission (SEC) for investigation from coverage revenue that might be misleading to investors. Nick prospect it best to question Mr. Lee first before bring this concern to his ! aunts attention, which in turn is prudent for addressing this to the audit committee. Mr. Lee was positive more than willing to answer Nicks umpteen questions backed by evidence, that at some insinuate was startled by Nicks question and noesis of conservatism by stating youre saying you think we harbourt been reporting complete? By the end of the intercourse Mr. Lees military position seemed tensed but polite by...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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